Verizon AOL May Allow 500 People to Find Their Future Elsewhere
November 17, 2016
With or without Yahoot — sorry, I meant, Yahoo — is a darned exciting outfit for a Baby Bell. I read “Verizon Owned AOL to Layoff 500 Employees, Mostly in Corporate Unit: Source.” With all the chatter about fake news, let me state that I believe everything I read about Verizon, AOL, and every other online centric outfit in the datasphere. No distortion exists in bizarro world. Unnamed sources are the only type of source that has any traction today.
The write up says:
Digital media company AOL, owned by Verizon Communications Inc, will lay off five per cent of its workforce, or about 500 employees, a source familiar with the situation said.
Pundits, Brahmins, and former middle school teachers have been reporting about this RIF or reduction in force. Hey, there’s nothing like a Thanksgiving treat to make folks feel really great about their job. On the bright side, a certain president elect is hiring.
AOL may become two mini businesses:
- Media, search and communications
- Advertising technology and other assorted infrastructure enabled products and services.
Another rumor is that something called “Be On” may be reshaped. A copy of the Xoogler Tim Armstrong’s message to employees appears on Business Insider. Variety points out that the RIFs are “unrelated to Verizon’s Yahoo Bid,” which raises the question, “Why is AOL dumping staff?” No answer, of course.
Fortune Magazine recycles a Silicon Valley “real” news outfit with this second hand statement from the Xoogler Tim Armstrong:
“The layoffs are related to a 2017 strategy where we will add to our business. These are super targeted by area and we will be re-growing especially in video and mobile.
Yep, Happy Thanksgiving.
Stephen E Arnold, November 17, 2016
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